DBRS pulls Peugeot from review

DBRS said it affirmed Peugeot SA’s BBB (low) issuer rating with a negative trend and removed it from under review with negative implications. The agency placed the rating under review on March 27.

The agency said it estimates Peugeot’s financial risk assessment remaining at levels commensurate with the current rating despite a softening of PSA’s credit metrics given the global escalation of the pandemic.

DBRS forecasts Peugeot’s credit metrics softening in 2020, followed by a moderate recovery in 2021.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.